Payment Officer - Marketing

Faysal Bank Ltd is seeking a detail-oriented Payment Officer specializing in Marketing to oversee vendor and agency payments within the Marketing department. The ideal candidate possesses at least three years of experience and has a strong understanding of payment processes, taxation, and vendor management. This role ensures that all payments are processed accurately, timely, and in compliance with internal policies and regulatory requirements. The Payment Officer will work closely with finance, marketing, and vendor teams to streamline payment operations and maintain proper documentation. The position does not include team management responsibilities but requires close collaboration with various stakeholders to support the Marketing function effectively.

Process, verify, and approve payments for vendors and agencies related to the Marketing function in accordance with company policies and applicable regulations. Maintain a comprehensive understanding of payment procedures and tax regulations to ensure compliance and accuracy in all transactions. Coordinate with vendors, agencies, and internal departments to resolve payment discrepancies, invoice issues, and documentation gaps promptly. Prepare and maintain accurate records of all payment transactions and related documentation to support audits and financial reviews. Monitor payment schedules and ensure timely disbursement of funds to prevent delays and maintain strong vendor relationships. Review and update payment processes in collaboration with finance teams to improve efficiency and reduce errors. Ensure all payments comply with contractual terms, tax laws, and company policies to mitigate risks associated with inappropriate disbursements. Support the Marketing department by providing insights and reports related to payment activities and vendor management status. Communicate effectively with stakeholders to keep them informed of payment statuses, procedural updates, and any issues requiring attention. Assist in preparing for internal and external audits by providing necessary payment documentation and explanations. Continuously update knowledge on payment systems, taxation changes, and vendor management best practices to ensure optimal performance in the role.